Hello Agropreneurs,

I'm a huge follower of this sub-thread, and I must say I have gained a lot of information from all you wonderful guys. I'm presently working on a feasibility studies for farm equipment rental business for a friend based in Canada who is interested in investing in Agricultural sector in Nigeria. After some careful deliberation, he has decided to put some money into Farm equipment rental. For a start, he intends getting farm equipment such as tractors, plough, harrow, seeder and fertiliser spreader. Please I will like any information you can share on how profitable and safe this business is, what is the average rental fee for these farm equipment, what is the ideal location for setting up this kind of business, what are the risks associated with this type of business, what are other things generally required to set up the business apart from the farm equipment, how are these equipment maintained in Nigeria etc. Any relevant information you can share will be greatly appreciated

Thanks

Any information will be greatly appreciated

He should start abeg plenty farmers need these equipments on rental basis

healthserve:
He should start abeg plenty farmers need these equipments on rental basis

Thanks for your response. He's highly interested in doing the business as he is looking for what to invest in once he relocates back to naija after living abroad for over 30 years. But he just wants to make sure he crosses his T's and dots his I's before putting his hard earned life savings in the business. Being that you are based in naija, do you know any risks associated with the business